Category: Economic News
The macro economy has a large impact on your personal finances. To help you manage your money better we track the import economic trends. Stay up to date so you can be prepared to adjust your personal finance strategies.

Economic News
Gallup Poll: Americans Say Now is a Bad Time to Buy a House
by Kyle Burbank
Following a tumultuous few years that's included a global pandemic, a competitive housing market, rock-bottom interest rates, rapidly rising interest rates, inflation, and continued threat of a recession, a new poll from Gallup shows that a record number of Americans believe that now is a bad time to buy a home. According to the latest poll, only 21% of adults believe now is a good time to purchase a house.... 
Economic News
United States Economy Added 236,000 Jobs in March 2023
by Fioney Staff
Another monthly jobs report shows that, while the United States economy is beginning to cool, unemployment continues to reach near-record lows. According to the latest Bureau of Labor Statistics report, the U.S. added 236,000 jobs in March 2023, with unemployment ticking down to 3.5% from 3.6%. This is only slightly off the 238,000 jobs that economists forecasted. Additionally, February's figure was revised upward by 15,000 to reach a new total... 
Economic News
Credit Card Debt Increased by $180.3 Billion in 2022
by Fioney Staff
After a year in 2021 that saw credit card debt declining during all four quarters, 2022 officially saw debt steadily increasing. According to new figures from WalletHub, consumer credit card debt increased by $85.8 billion during the fourth quarter of 2022. This marks the largest quarterly increase on record. It also brings 2022's total to $180.3 billion in credit card debt added. As WalletHub notes, the Q4 2022 increase was 1.8... 
Economic News
United States Unemployment Rate Falls to 3.4%
by Fioney Staff
Despite fears of a recession and high-profile layoffs in the tech sector, the United States continues to add thousands of jobs. According to the latest U.S. Bureau of Labor Statistics report, the economy added 517,000 in January. That marks the best result since July of last year when 586,000 jobs were added to payrolls. Moreover, the result is nearly double the 260,000 jobs (adjusted up from the previously-reported 223,000) gained... 
Economic News
U.S. Economy Adds 223,000 Jobs in Final Month of 2022
by Fioney Staff
As Americans settle into the new year, a snapshot of the United States economy from the final month of 2022 has arrived. Today, a new jobs report was released, bringing stronger-than-expected results. According to the latest Bureau of Labor Statistics report, the economy added 223,000 jobs in December 2022. That outpaces the 200,000 jobs that economists surveyed by MarketWatch had estimated. However, the number was the lowest in two years.... 
Economic News
U.S. Economy Added 263,000 Jobs in November 2022
by Fioney Staff
Over the past several months, the United States economy has repeatedly offered mixed signals. Although gross domestic product results would suggest we're headed for a recession, the Federal Reserve has been forced to hike interest rates in a bid to slow inflation. Now, the latest figures also show that the economy continues to create jobs at a decent clip. According to the latest Bureau of Labor Statistics report, the U.S.... 
Economic News
IRS Announces 2023 Tax Brackets Amid Inflation
by Fioney Staff
With 2023 now within view, the Internal Revenue Service (IRS) has announced the tax brackets that will be used for the new tax year. While these adjustments are an annual tradition, this round of increases comes after a year where inflation has topped 8%. In turn, this latest round of raises is larger than usual. Across the board, brackets were adjusted by about 7%. In comparison, the change between 2021...